Author Topic: 2019 fire cohort  (Read 252867 times)

FIRE 20/20

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Re: 2019 fire cohort
« Reply #1750 on: January 25, 2019, 09:13:24 AM »
Congrats @dude!

Interesting date, which begs the question to the group.

If you were going to kick off FI(RE) with a leave of absence. Would you consider your exit day as your last day before the leave begins, or when the leave ends and you are no longer on the payroll/benefits of the employer?

This is, essentially, my situation.  I'm still on target for May, but I plan to either start a consulting company or I may continue as a casual employee with Megacorp.  Casual employee status is essentially like I'm unemployed, but if they want to bring me in for a few weeks I can get an higher hourly rate but no benefits for the time I work without applying or doing any paperwork.  Because I'm at a low WDR (3.5% right now - FatFIRE, plenty to cut beyond that) I really don't need to work again.  But I'd like to keep some critical certifications active because I'm unemployable without them.  The IRP will definitely haul me in if/when I do a few days' or weeks' worth of work, but I'm claiming FIRE status the last day I'm a salaried employee.  Because most people don't know the acronym FIRE, I use the phrase "semi-retired, might do a little consulting" to describe my next phase to people.  But knowing that I really, truly, never ever need to work again barring a catastrophe - I consider myself FIREd and the IRP can issue a warrant if they want to.  I'll happily toss it in the circular file while I sip coffee in my PJs at 10am on a weekday and decide whether to read a book, go on a hike, or take off on a road trip. 


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Re: 2019 fire cohort
« Reply #1751 on: January 25, 2019, 01:33:44 PM »
Speaking of charades, the theme this week at work has been co-workers trying to help me find a job.  No one at work knows my real situation.  Because I ended up getting rolled into a Megacorp layoff, and most people don't know I was leaving anyway, people assume I'm in desperate straits.  They mean very kindly.  I say "Thanks, I'm going to take a little time to look at my options."   And the responses are along the lines of "You can afford to do that?  Good for you."

That is really awkward.  I have a former boss then co-worker that retired at 52, I've struggled twice now when his name has come up and his bipolar boss has turned the story into "I removed a non-performer", trying to deflect the fact said boss is a jerk to work for.   Fingers crossed on the charades, its so tough when you know others are being laid off and don't have the same ability

That will be me after I leave.  Boss is paranoid and can't imagine that everyone in the world doesn't want to work for them.  So for their story you are either fired for real or everyone is told that you weren't good enough to be part of the team.  Happened to the last person that left the team who retired at 66 after a cancer scare and decided lifes too short.  Now the boss routinely blames them for everything they don't like and says they weren't really part of the team.  So I'm playing the great game of charades.

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Re: 2019 fire cohort
« Reply #1752 on: January 25, 2019, 01:35:29 PM »
Oh yeah, and by the way, I officially filed for retirement yesterday, effective May 31 . . .

dude.  duuude!

Thats awesome.  Way to go-congratulations!

Trifele

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Re: 2019 fire cohort
« Reply #1753 on: January 26, 2019, 01:59:47 AM »
2019 FIRE Cohort:

01/01/19     Bingeworker (52)   CONFIRMED
01/31/19     Trifele (51)
02/01/19     Cycling Stache (44)
02/08/19     Socmonkey (37)
02/13/19     SeanTash
02/25/19     MaybeBabyMustache
02/??/19     zinnie  (35)
03/15/19     exit2019  (40)
03/19/19     ChasesFish (36)
03/??/19     MissNancyPryor  (50)     
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     BlindSquirrel
03/31/19     Loren Ver (36)
03/31/19     Mr. Ver (39)
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/01/19     Ryder (39)
04/19/19     Eric
04/??/19     Luck12  (41)
04/??/19     PowerStache (43)
05/01/19     Albireo13  (61)                   
05/??/19     SamIAm38  (29)
05/??/19     FIRE 20/20  (42)
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)
05/31/19     dude   
06/01/19     Prairie Stash
06/07/19     DreamFire
06/21/19     Parizade  (62)
06/22/19     Waffles  (52)
06/30/19     Pylortes  (42)
06/??/19     Oldtoyota
06/??/19     Itchyfeet  (47)
06/??/19     CryingInThePool  (44)
07/??/19     powersuitrecall  (47)
07/??/19     Enigma  (39)
07/??/19     Thedividebyzero  (45)
07/??/19     Keeks
07/03/19     Gerard
07/03/19     Miss Piggy
07/29/19     Lews Therin (29)
08/01/19     SugarMountain
09/01/19     2Birds1Stone  (32)
09/02/19     Cornbread OMalley  (42)  Date Confirmed
09/??/19     RetirementDreaming
09/??/19     dayzero
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
12/??/19     HBFI  (38)
12/??/19     luckyme13  (45)
12/27/19     moxie
12/31/19     texxan1  (47)

2019 Cohort with date TBD:
August
Lowerbills (40)
getoutsoon (52)
IPlawyer
MustacheAnxiety
forward

OMY/2MY/Etc:
Freedomin5 (38)
Roboturner  (30)
Bateaux (51)
Linda_Norway (45)

Loren Ver

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Re: 2019 fire cohort
« Reply #1754 on: January 26, 2019, 09:36:46 AM »
Speaking of charades, the theme this week at work has been co-workers trying to help me find a job.  No one at work knows my real situation.  Because I ended up getting rolled into a Megacorp layoff, and most people don't know I was leaving anyway, people assume I'm in desperate straits.  They mean very kindly.  I say "Thanks, I'm going to take a little time to look at my options."   And the responses are along the lines of "You can afford to do that?  Good for you."

That is really awkward.  I have a former boss then co-worker that retired at 52, I've struggled twice now when his name has come up and his bipolar boss has turned the story into "I removed a non-performer", trying to deflect the fact said boss is a jerk to work for.   Fingers crossed on the charades, its so tough when you know others are being laid off and don't have the same ability

That will be me after I leave.  Boss is paranoid and can't imagine that everyone in the world doesn't want to work for them.  So for their story you are either fired for real or everyone is told that you weren't good enough to be part of the team.  Happened to the last person that left the team who retired at 66 after a cancer scare and decided lifes too short.  Now the boss routinely blames them for everything they don't like and says they weren't really part of the team.  So I'm playing the great game of charades.

That is terrible.  There is no reason to rack someones reputation through the mud just because they decided to do something different. It really makes me thankful for where I work, with adults, that act like rational adults....

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1755 on: January 26, 2019, 09:55:11 AM »
@Lews Therin, I like it! Especially since for those LoA weeks, I'll be on the state PFL insurance payroll, not my employers =)

@Loren Ver, psychologically I like committing to the earlier date, since the leave may get extended indefinitely.

So whenever @Trifele updates the list again, ya'll can put me down for 7/1.

Trifele

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Re: 2019 fire cohort
« Reply #1756 on: January 26, 2019, 10:20:08 AM »
So whenever @Trifele updates the list again, ya'll can put me down for 7/1.

You got it.  Only five months to go for you!


2019 FIRE Cohort:

01/01/19     Bingeworker (52)   CONFIRMED
01/31/19     Trifele (51)
02/01/19     Cycling Stache (44)
02/08/19     Socmonkey (37)
02/13/19     SeanTash
02/??/19     zinnie  (35)
03/15/19     exit2019  (40)
03/19/19     ChasesFish (36)
03/??/19     MissNancyPryor  (50)     
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     BlindSquirrel
03/31/19     Loren Ver (36)
03/31/19     Mr. Ver (39)
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/01/19     Ryder (39)
04/04/19     PowerStache (43)
04/19/19     Eric
04/??/19     Luck12  (41)
05/01/19     Albireo13  (61)                   
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)
05/31/19     dude
05/??/19     SamIAm38  (29)
05/??/19     FIRE 20/20  (42)
05/??/19     MaybeBabyMustache   
06/01/19     Prairie Stash
06/07/19     DreamFire
06/21/19     Parizade  (62)
06/22/19     Waffles  (52)
06/30/19     Pylortes  (42)
06/??/19     Oldtoyota
06/??/19     Itchyfeet  (47)
06/??/19     CryingInThePool  (44)
07/??/19     powersuitrecall  (47)
07/??/19     Enigma  (39)
07/??/19     Thedividebyzero  (45)
07/??/19     Keeks
07/01/19     2Birds1Stone  (32)
07/03/19     Gerard
07/03/19     Miss Piggy
07/29/19     Lews Therin (29)
08/01/19     SugarMountain
09/02/19     Cornbread OMalley  (42)  Date Confirmed
09/??/19     RetirementDreaming
09/??/19     dayzero
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
12/??/19     HBFI  (38)
12/??/19     luckyme13  (45)
12/27/19     moxie
12/31/19     texxan1  (47)

2019 Cohort with date TBD:
August
Lowerbills (40)
getoutsoon (52)
IPlawyer
MustacheAnxiety
forward

OMY/2MY/Etc:
Freedomin5 (38)
Roboturner  (30)
Bateaux (51)
Linda_Norway (45)
« Last Edit: January 29, 2019, 04:19:36 AM by Trifele »

Loren Ver

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Re: 2019 fire cohort
« Reply #1757 on: January 26, 2019, 05:50:44 PM »
It is good to have a plan @2Birds1Stone :D.

LV

PowerStache

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Re: 2019 fire cohort
« Reply #1758 on: January 26, 2019, 06:11:54 PM »
My company has put out our bonus distribution date so I now have a Fire date of April 4th 2019!  I turned in my retirement letter to my boss on Friday.  I like my job and co-workers for the most part so  I am sad that I wonít be seeing some everyday. I have been lucky to work with one of my closest friends for the last 20 years. 

Thank you to everyone sharing their experiences on leaving their employers. I think it help those that come next to be prepared for the various reactions. 

I have not been able to sleep well.  I think I am very emotionally charged from this transition...excited, nervous and a little sad.  DH has been so supportive through this.  I think he is excited for a change too.

Trifele

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Re: 2019 fire cohort
« Reply #1759 on: January 27, 2019, 03:19:36 AM »
My company has put out our bonus distribution date so I now have a Fire date of April 4th 2019!  I turned in my retirement letter to my boss on Friday.  I like my job and co-workers for the most part so  I am sad that I wonít be seeing some everyday. I have been lucky to work with one of my closest friends for the last 20 years. 

Thank you to everyone sharing their experiences on leaving their employers. I think it help those that come next to be prepared for the various reactions. 

I have not been able to sleep well.  I think I am very emotionally charged from this transition...excited, nervous and a little sad.  DH has been so supportive through this.  I think he is excited for a change too.

Got you updated @PowerStache.  Congrats on turning in your resignation!
 
FIREing packs a powerful emotional punch, that's for sure.  Does your close friend at work know your situation? 
« Last Edit: January 27, 2019, 03:25:52 AM by Trifele »

PowerStache

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Re: 2019 fire cohort
« Reply #1760 on: January 27, 2019, 05:59:55 AM »
@Trifele Yes, my friend is aware. I have been lucky so far that everyone is happy for me.  So you are going into your last few days next week! Is all the work turnover complete or is there a lot to do?

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1761 on: January 27, 2019, 06:54:29 AM »
154 Days to go!

If the market doesn't tank by Thursday, and no large unexpected expenses pop up, my trailing 12 month expenses will be covered at 4% withdrawal rate. I'm cheating a bit because I'm counting my cars used value, but it's still an exciting moment =)

While that seems like a long time, there is a lot to plan and downsize before embarking on this adventure. First of all, I'll need to sell the car.

Linea_Norway

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Re: 2019 fire cohort
« Reply #1762 on: January 27, 2019, 08:43:14 AM »
154 Days to go!

If the market doesn't tank by Thursday, and no large unexpected expenses pop up, my trailing 12 month expenses will be covered at 4% withdrawal rate. I'm cheating a bit because I'm counting my cars used value, but it's still an exciting moment =)

While that seems like a long time, there is a lot to plan and downsize before embarking on this adventure. First of all, I'll need to sell the car.

Good luck. Selling your car is easy. Just don't count on getting a lot of money for it. I have always been a bit disappointed about the price when selling privately. Selling to a car sales company pays even less.
« Last Edit: January 28, 2019, 02:57:15 AM by Linda_Norway »

Trifele

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Re: 2019 fire cohort
« Reply #1763 on: January 27, 2019, 08:49:05 AM »
@Trifele So you are going into your last few days next week! Is all the work turnover complete or is there a lot to do?

The work turnover is still in process -- most of the people being laid off are still around, working until 1/31. :(   So it's incredibly awkward in the office these last few days . . . I feel really bad for my coworkers, but over-the-moon-happy for myself.  Lots of mixed feelings, among them feeling so grateful that I'm in this position.

I am so excited for Thursday!!!!!  I can hardly believe it's almost here. 

FIRE 20/20

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Re: 2019 fire cohort
« Reply #1764 on: January 27, 2019, 04:40:43 PM »
@Trifele So you are going into your last few days next week! Is all the work turnover complete or is there a lot to do?

The work turnover is still in process -- most of the people being laid off are still around, working until 1/31. :(   So it's incredibly awkward in the office these last few days . . . I feel really bad for my coworkers, but over-the-moon-happy for myself.  Lots of mixed feelings, among them feeling so grateful that I'm in this position.

I am so excited for Thursday!!!!!  I can hardly believe it's almost here.

Congratulations!  It has to be difficult dealing with the layoffs and mixed emotions that brings into the mix.  I suspect you're not able to celebrate with people at work who are in a completely different position regarding the layoff, but we'll celebrate with you!  You've earned it. 

Trifele

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Re: 2019 fire cohort
« Reply #1765 on: January 28, 2019, 02:41:51 AM »
@Trifele So you are going into your last few days next week! Is all the work turnover complete or is there a lot to do?

The work turnover is still in process -- most of the people being laid off are still around, working until 1/31. :(   So it's incredibly awkward in the office these last few days . . . I feel really bad for my coworkers, but over-the-moon-happy for myself.  Lots of mixed feelings, among them feeling so grateful that I'm in this position.

I am so excited for Thursday!!!!!  I can hardly believe it's almost here.

Congratulations!  It has to be difficult dealing with the layoffs and mixed emotions that brings into the mix.  I suspect you're not able to celebrate with people at work who are in a completely different position regarding the layoff, but we'll celebrate with you!  You've earned it.

Thank you @FIRE2020!  No one at work knows my situation.  The friends and family who do know live far away, so I am left wanting to celebrate something huge with almost no one IRL to celebrate with! 

Linea_Norway

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Re: 2019 fire cohort
« Reply #1766 on: January 28, 2019, 02:58:46 AM »
@Trifele So you are going into your last few days next week! Is all the work turnover complete or is there a lot to do?

The work turnover is still in process -- most of the people being laid off are still around, working until 1/31. :(   So it's incredibly awkward in the office these last few days . . . I feel really bad for my coworkers, but over-the-moon-happy for myself.  Lots of mixed feelings, among them feeling so grateful that I'm in this position.

I am so excited for Thursday!!!!!  I can hardly believe it's almost here.

Congratulations!  It has to be difficult dealing with the layoffs and mixed emotions that brings into the mix.  I suspect you're not able to celebrate with people at work who are in a completely different position regarding the layoff, but we'll celebrate with you!  You've earned it.

Thank you @FIRE2020!  No one at work knows my situation.  The friends and family who do know live far away, so I am left wanting to celebrate something huge with almost no one IRL to celebrate with!

I feel for you. Celebrate with us all you want. We are proud of you and happy for you!

Trifele

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Re: 2019 fire cohort
« Reply #1767 on: January 28, 2019, 03:14:44 AM »
@Trifele So you are going into your last few days next week! Is all the work turnover complete or is there a lot to do?

The work turnover is still in process -- most of the people being laid off are still around, working until 1/31. :(   So it's incredibly awkward in the office these last few days . . . I feel really bad for my coworkers, but over-the-moon-happy for myself.  Lots of mixed feelings, among them feeling so grateful that I'm in this position.

I am so excited for Thursday!!!!!  I can hardly believe it's almost here.

Congratulations!  It has to be difficult dealing with the layoffs and mixed emotions that brings into the mix.  I suspect you're not able to celebrate with people at work who are in a completely different position regarding the layoff, but we'll celebrate with you!  You've earned it.

Thank you @FIRE2020!  No one at work knows my situation.  The friends and family who do know live far away, so I am left wanting to celebrate something huge with almost no one IRL to celebrate with!

I feel for you. Celebrate with us all you want. We are proud of you and happy for you!

Thank you Linda!  :)

PhilB

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Re: 2019 fire cohort
« Reply #1768 on: January 28, 2019, 06:07:03 AM »
@Trifele So you are going into your last few days next week! Is all the work turnover complete or is there a lot to do?

The work turnover is still in process -- most of the people being laid off are still around, working until 1/31. :(   So it's incredibly awkward in the office these last few days . . . I feel really bad for my coworkers, but over-the-moon-happy for myself.  Lots of mixed feelings, among them feeling so grateful that I'm in this position.

I am so excited for Thursday!!!!!  I can hardly believe it's almost here.

Congratulations!  It has to be difficult dealing with the layoffs and mixed emotions that brings into the mix.  I suspect you're not able to celebrate with people at work who are in a completely different position regarding the layoff, but we'll celebrate with you!  You've earned it.

Thank you @FIRE2020!  No one at work knows my situation.  The friends and family who do know live far away, so I am left wanting to celebrate something huge with almost no one IRL to celebrate with!

I feel for you. Celebrate with us all you want. We are proud of you and happy for you!

Thank you Linda!  :)
We clearly need a virtual retirement party for Trifele!

dude

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Re: 2019 fire cohort
« Reply #1769 on: January 28, 2019, 06:31:02 AM »
Congrats @dude!

Interesting date, which begs the question to the group.

If you were going to kick off FI(RE) with a leave of absence. Would you consider your exit day as your last day before the leave begins, or when the leave ends and you are no longer on the payroll/benefits of the employer?

re: the date -- I hit retirement eligibility (Fed LEO) on May 7, and would call it quits on that day except for the fact that it's standard to retire on the last day of the month for continuity of pay purposes.

forward

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Re: 2019 fire cohort
« Reply #1770 on: January 28, 2019, 09:06:36 AM »
@Trifele So you are going into your last few days next week! Is all the work turnover complete or is there a lot to do?



I feel for you. Celebrate with us all you want. We are proud of you and happy for you!

Thank you Linda!  :)
We clearly need a virtual retirement party for Trifele!

Definitely!  I am in as long as we have it by Saturday.  I get to go on vacation Sunday (yay)  Not sure how I managed it and I will be somewhat concerned about the ramifications of being gone for a week, but any day away from my office is a good one :)

Only a few more days Trifele.  So excited for you!!!

Loren Ver

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Re: 2019 fire cohort
« Reply #1771 on: January 28, 2019, 11:40:18 AM »
@Trifele I'll be out on vacation your last day (and your FIRST DAY!!!!) so I wanted to make sure to congratulate you. 

Congratulations!

You have done such a good job taking care of us, don't forget to come back and tell us how it is going!

Loren
 

FIRE 20/20

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Re: 2019 fire cohort
« Reply #1772 on: January 28, 2019, 06:44:26 PM »
Unless I've missed it, some of the upcoming FIREes haven't posted here in a while.  Calling @Cycling Stache , @Socmonkey , @MaybeBabyMustache , and @zinnie - Are you all on schedule?  Are you more excited or nervous?  Any changes in plans?  Do you have major plans after FIRE or are you just going to chill for a while?


MaybeBabyMustache

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Re: 2019 fire cohort
« Reply #1773 on: January 28, 2019, 08:00:55 PM »
I have officially filed for sabbatical (my manager & I mutually agreed upon a date, but there's a bunch of HR/paperwork stuff that needs to happen). My date is mid May. (I have to use all of my vacation days before my sabbatical kicks in, so the exact date is TBD, but looking like 5/15). I may or may not return to work after that, & my return to work date is currently scheduled for 9/8. After that, I will be FI, but based on some recent discussions my husband & I are having, I may work part time or in another role for longer. It's been lots of good conversation, & actually my husband changing his previous retirement plans. He's always wanted to work until 65 (???), and has finally come to his senses. He's 9 years older than me, so may work best if we meet in the middle, with me planning to work a few extra years, and him retiring in 7ish years or so.

My long winded explanation of: I'm still taking a sabbatical, but I'm now less clear on next steps after that.

exit2019

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Re: 2019 fire cohort
« Reply #1774 on: January 28, 2019, 09:19:44 PM »
Getting close and still haven't really worked out healthcare since we plan to move afterward (after doing some travel) so we are very likely to do COBRA.

It's amazing how this is the one thing that is most critical.

Trifele

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Re: 2019 fire cohort
« Reply #1775 on: January 29, 2019, 03:48:21 AM »
Thanks so much @forward and @Loren Ver!  With all you sweet people congratulating me I feel like I've already had a retirement party. :)

@exit2019 -- I feel you.  Getting health care coverage is a challenging process, and I wish it wasn't.  We're going on the Exchange to get a plan, and I hope to get my last paperwork uploaded Thursday.   One thing I learned while researching our health coverage options (COBRA vs. Exchange) was that once you go onto COBRA, you can't hop from there to an Exchange plan until Open Enrollment at the end of the year unless your out of pocket cost changes.  So for us FIREing in January, it was a choice between COBRA all year, or Exchange plan all year.  Ugh.   

Trifele

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Re: 2019 fire cohort
« Reply #1776 on: January 29, 2019, 04:36:00 AM »
Moved @MaybeBabyMustache to May, and waiting to hear on the rest of the February folks.  Thanks for giving them a shout out @FIRE 20/20.  How are you doing @SeanTash?


2019 FIRE Cohort:

01/01/19     Bingeworker (52)   CONFIRMED
01/31/19     Trifele (51)
02/01/19     Cycling Stache (44)
02/08/19     Socmonkey (37)
02/13/19     SeanTash
03/15/19     exit2019  (40)
03/19/19     ChasesFish (36)
03/??/19     Miss Nancy Pryor  (50)     
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     BlindSquirrel
03/31/19     Loren Ver (36)
03/31/19     Mr. Ver (39)
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/01/19     Ryder (39)
04/04/19     PowerStache (43)
04/19/19     Eric
04/??/19     Luck12  (41)
05/01/19     Albireo13  (61)
05/15/19     MaybeBabyMustache                   
05/??/19     SamIAm38  (29)
05/??/19     FIRE 20/20  (42)
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)
05/31/19     dude   
06/01/19     Prairie Stash
06/07/19     DreamFire
06/21/19     Parizade  (62)
06/22/19     Waffles  (52)
06/30/19     Pylortes  (42)
06/??/19     Oldtoyota
06/??/19     Itchyfeet  (47)
06/??/19     CryingInThePool  (44)
07/??/19     powersuitrecall  (47)
07/??/19     Enigma  (39)
07/??/19     Thedividebyzero  (45)
07/??/19     Keeks
07/01/19     2Birds1Stone  (32)
07/03/19     Gerard
07/03/19     Miss Piggy
07/29/19     Lews Therin (29)
08/01/19     SugarMountain
09/02/19     Cornbread OMalley  (42)  Date Confirmed
09/??/19     RetirementDreaming
09/??/19     dayzero
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
12/??/19     HBFI  (38)
12/??/19     luckyme13  (45)
12/27/19     moxie
12/31/19     texxan1  (47)

2019 Cohort with date TBD:
August
Lowerbills (40)
getoutsoon (52)
IPlawyer
MustacheAnxiety
forward

OMY/2MY/Etc:
Freedomin5 (38)
Roboturner  (30)
Bateaux (51)
Linda_Norway (45)
 
« Last Edit: January 31, 2019, 04:23:23 AM by Trifele »

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1777 on: January 29, 2019, 06:33:43 AM »
Now how the heck did I get back to Sept? ;)

edgema

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Re: 2019 fire cohort
« Reply #1778 on: January 29, 2019, 08:09:47 AM »
Haven't posted in a while and currently down for March 31st. This is already a OMY, but just like this time last year I find January is when the doubt creeps in and I see all sorts of 'sensible' reasons to carry on. This year is no different!

However, while my current job is highly paid, the business is failing (as in revenues dropped 40% last year) so the game feels increasingly up here. A pretty cushy consulting option for another business looked likely but is now unlikely to happen as of yesterday. So from having three options it seems FIRE is becoming increasingly likely. It is a weird sensation as 'keeping options open' is also an easy way to make 'no' decisions (albeit that this is actually a 'decision' to carry on).

I have done the planning, run the numbers and saved pretty hard for a long time, so I should be happy. I kind of am, but it comes with a heavy dose of distinct queasiness as the reality of turning off the money machine in 2 months becomes a reality, rather than a pretty exercise on a spreadsheet.

Most would say we are fat FIRE with over $3.5m in invested assets so many would have pulled the ripcord already, but at 42 and the sole earner, with a wife of 39 and two children of 8 and 6, with luck there is a long time ahead for us to consider. Note that I have also spent my career around financial models so also deeply skeptical about any analysis over 40 year time periods.   

The rational side of me feels we have enough and can acknowledge all the things we can do to mitigate downside scenarios. The emotional side of me is deeply scared of f**king this up, not for me frankly but for my wife and kids, and regretting not pushing on for a few more years and still being a very young 'retiree' at 45. Note it is very unlikely that I can return to my career in 5 years time.

In no way is this a 'poor me' post, and similar emotions to many who have written about / experienced FIRE, but sometimes this stuff is just ricocheting around my brain in a very non productive way!

Trifele

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Re: 2019 fire cohort
« Reply #1779 on: January 29, 2019, 09:06:56 AM »
Now how the heck did I get back to Sept? ;)

^ Fixed you 2Birds

@edgema--  I can definitely relate to the ricocheting thoughts.  FIRE is a Big F*ing Deal, and there are so many things to think about.  If the last two years on this thread have taught me anything, it's that everyone's situation is unique and what is 'enough' to pull the trigger is hugely variable.  We all run the calculus differently. 
« Last Edit: January 29, 2019, 09:22:05 AM by Trifele »

tooqk4u22

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Re: 2019 fire cohort
« Reply #1780 on: January 29, 2019, 02:05:38 PM »
....Note that I have also spent my career around financial models so also deeply skeptical about any analysis over 40 year time periods.   

Skeptical about 40 years?  They aren't worth much beyond a few years. 


The emotional side of me is deeply scared of f**king this up, not for me frankly but for my wife and kids, and regretting not pushing on for a few more years and still being a very young 'retiree' at 45.

I have and still do struggle with this, but sometimes enough is enough and if you got where you are you can surely make adjustments early enough so it is not completely f'ed


Linea_Norway

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Re: 2019 fire cohort
« Reply #1781 on: January 30, 2019, 12:22:53 AM »

The emotional side of me is deeply scared of f**king this up, not for me frankly but for my wife and kids, and regretting not pushing on for a few more years and still being a very young 'retiree' at 45.

I have and still do struggle with this, but sometimes enough is enough and if you got where you are you can surely make adjustments early enough so it is not completely f'ed

Indeed, 3,5 mil is more than enough. It is 3,5 times the sum that many people consider enough to FIRE on. It is close to the Susan Orman number of 5 mil.
Most retirees says that they spend less than expected in FIRE. Have you made you spreadsheet with parameters and added a 0% growth of your stocks? Have you inserted some extra high expense during one of the years. Just run a few scenarios and look at what is realistic.

edgema

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Re: 2019 fire cohort
« Reply #1782 on: January 30, 2019, 06:38:51 AM »
Have definitely looked at downsides both through spreadsheets, as well as conducting a 'what if' style evaluation of various bad things happening. They both point to things being fine. Perhaps as a UK person, who hasn't seen the kind of equity returns seen in the US, I am not comfortable relying on the 4% rule. In part this is because I think some slightly miss the point in stating success rates at the 40 year point. I know how deeply uncomfortable it would feel to me if in 5-10 years I am meaningfully down on my stash, even if it is still one of the 'success' paths over 40. My 'rule' if you can call it that, is that I don't want to be a seller of assets this 'early' in life, so I want to earn what I want from purely income (or adjust expenses accordingly) at least for a while. I am pretty sure we are there in that regard with steady income from non-mortgaged properties making up 75% of our expected income and the remainder covered by dividends on equity investments.

We are also not highly mustachian in daily life (perhaps not at all by some peoples definition), instead just avoiding the really big 'mistakes' people make around housing, cars, using financing, business class travel and pointless luxury items like expensive clothes/watches. That said, I am not going to live a 'strict' Mustachian life and grumble if my father-in-law wants us to come to Spain to see them, or my dad wants us to come to Florida to see him (he is 80 so one posters suggestion a while back that he should just come to us is a little misguided in my view), or family/friends who now and again want their birthday at an expensive restaurant (recalling a poster who bemoaned her profligate sister organising an expensive dinner for their mum's birthday), or myself for wanting to take the family skiing (I did it growing up and loved it, still do, and love watching the kids experiencing it themselves). All power to those that do this, I just don't want to. Roll that all together, and lets just say we don't spend 25k a year! 

Trifele

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Re: 2019 fire cohort
« Reply #1783 on: January 31, 2019, 01:46:52 AM »
Well today's the day!  After years of planning and more than two years in this thread, the Last Day is here.  I went out last night with some co-workers (last hurrah before Megacorp takeover) and it was fun.  Drank a little too much.  None of them know I'm FIREing, but because of the timing it felt like a celebration all the same. 

I'm so excited about today I couldn't sleep.  Should be a smooth day at work, other than some sad goodbyes.  Boss is taking me to lunch, and then I have my exit interview/HR meeting mid afternoon.  After that --- !!!!!!!!

I haven't heard anything yet from @Cycling Stache, so not sure yet if he is still planning on tomorrow?  Also waiting to hear from the rest of the February crew.

 

« Last Edit: January 31, 2019, 02:22:17 AM by Trifele »

SeanTash

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Re: 2019 fire cohort
« Reply #1784 on: January 31, 2019, 02:16:12 AM »

I spent most of today researching the Iceland leg of my post FIRE RTW trip. I decided we’d hike the Laugavegur trail


HAHA small world, I've going to do that as part my big year of hiking an travelling :)
« Last Edit: January 31, 2019, 02:31:42 AM by SeanTash »

SeanTash

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Re: 2019 fire cohort
« Reply #1785 on: January 31, 2019, 02:30:39 AM »
I'm still on target.
The initial euphoria upon giving notice was tempered somewhat by the ridiculous amount of Handover tasks I had scheduled by my multiple bosses.
I ended up being more stressed than ever!
And unlike most of you in NA, we have to give 4 weeks notice in Australia, so it drags.
However, in a funny twist, the main guy I'm handing over to has also quit, so now it's just becoming a farce and I've stopped caring and stressing. Yay.  9 more days of work.
As befits this company, they somehow had my "exit interview" yesterday, even though I'm still around till the 13th.
They didn't seem to believe me when I said I didn't have another job, nor planned on getting one anytime soon :)



Linea_Norway

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Re: 2019 fire cohort
« Reply #1786 on: January 31, 2019, 03:58:48 AM »
Well today's the day!  After years of planning and more than two years in this thread, the Last Day is here.  I went out last night with some co-workers (last hurrah before Megacorp takeover) and it was fun.  Drank a little too much.  None of them know I'm FIREing, but because of the timing it felt like a celebration all the same. 

I'm so excited about today I couldn't sleep.  Should be a smooth day at work, other than some sad goodbyes.  Boss is taking me to lunch, and then I have my exit interview/HR meeting mid afternoon.  After that --- !!!!!!!!

I haven't heard anything yet from @Cycling Stache, so not sure yet if he is still planning on tomorrow?  Also waiting to hear from the rest of the February crew.

Congrats from me. I am not sure how much online I will be tomorrow.

But it sounds like your last day exists of having a little hangover, having lunch with your boss and letting people have an exit interview with you which has no influence on your future. Sounds like a cruise in the park.

You can sleep out tomorrow! (me too, but only because of PT working).

Trifele

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Re: 2019 fire cohort
« Reply #1787 on: January 31, 2019, 04:22:18 AM »
Haha -- thanks Linda!  Yes, tomorrow will be my first morning of leisure.  I'm up for the challenge.  :)
 
I heard from Zinnie that she is out, so list updated. 

MrThatsDifferent

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Re: 2019 fire cohort
« Reply #1788 on: January 31, 2019, 04:26:26 AM »
Well today's the day!  After years of planning and more than two years in this thread, the Last Day is here.  I went out last night with some co-workers (last hurrah before Megacorp takeover) and it was fun.  Drank a little too much.  None of them know I'm FIREing, but because of the timing it felt like a celebration all the same. 

I'm so excited about today I couldn't sleep.  Should be a smooth day at work, other than some sad goodbyes.  Boss is taking me to lunch, and then I have my exit interview/HR meeting mid afternoon.  After that --- !!!!!!!!

I haven't heard anything yet from @Cycling Stache, so not sure yet if he is still planning on tomorrow?  Also waiting to hear from the rest of the February crew.

Congratulations! Thatís wonderful! Well done!

PowerStache

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Re: 2019 fire cohort
« Reply #1789 on: January 31, 2019, 04:59:28 AM »
@Trifele  - Congratulations to you!

Trifele

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Re: 2019 fire cohort
« Reply #1790 on: January 31, 2019, 05:19:21 AM »

MissNancyPryor

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Re: 2019 fire cohort
« Reply #1791 on: January 31, 2019, 07:09:05 AM »
@Trifele well done! 

Funny as this sounds, I think a colonoscopy is all that is standing between me and FIRE.  I think my health insurance will not allow me to have the screening until I am actually 50 and I do want to go into retirement with a clean bill of health.  I have all the other standard physical checks and screenings scheduled for February but will have to wait a couple months for the ass check after my birthday.  I am checking on that with my health insurance to be sure. 

My original goal was March at age 49 but with the market puking and me puking right along with it I had talked myself into July 5th and by then I will be 50, will have all my health checks done, and will have piled up more cash.  Then I talked to FormerCo about possibly taking a job there but have not made any further inquiries so I am letting it soak.  Right now I am thinking I need to take some decompression time before I would consider moving to a full time role there.  A nice summer of getting mentally and physically healthy is needed. 

Going all the way till July 5th might be more than I can take.  I have done the math and calculated exactly what every single paycheck will bring me in savings both today and in long term value.  Then AAPL has good earnings and an entire year worth of expenses grows back in the portfolio in a single day and it makes me feel like I am nuts for worrying about "just a couple more paychecks to sock away."

I have 3 for-sure work trips across the country within the next 5 weeks.  I also have to hire someone in my group way across the country fairly soon so that is another trip in short order.  Barf.  I go from putting that one off to thinking it will be my last act and I will have left my group in good shape by finishing that.   

So please put me down for July 5th as my outer marker.  I hope I can leap before with a clean bill of health and great resolve to keep my health intact. 

Quoting an excerpt from Malkynn on the 4% rule thread:

However, if your job is preventing you from exercising, eating well, focusing on your marriage, and generally just slowly killing you, then by working longer you are increasing your risk of your portfolio being hit by divorce, early severe illness requiring expensive treatment, late in life illness requiring ongoing nursing care, mobility challenges that make day to day life more challenging and expensive, etc, etc.

If your job is compromising your mental and physical health, then quitting at 10-15X and coasting to full FI may be a much saner option. It depends on your individual circumstances.

There are the possible risks of what the markets will do and then there is the guaranteed risk of working longer if you choose a more conservative WR.

This group is such a conservative and paranoid bunch, I fully suspect that most Mustachians aren't FIREing on super lean budgets at exactly 4% WR. The risk of OMY among this population is MUCH MUCH higher than SORR.

I suspect most people here will die with substantially more money than they initially saved.

MaybeBabyMustache

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Re: 2019 fire cohort
« Reply #1792 on: January 31, 2019, 07:33:37 AM »
@Trifele - congrats!!

@MissNancyPryor - best ever reason to have a date for fire. ;-)

MoMan

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Re: 2019 fire cohort
« Reply #1793 on: January 31, 2019, 07:46:01 AM »
Well today's the day!

WOO HOOOO!!!
So excited and happy for you Trifele!

lhamo

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Re: 2019 fire cohort
« Reply #1794 on: January 31, 2019, 08:04:55 AM »
@MissNancyPryor , can I kindly suggest that you consider paying for the colonoscopy out of pocket if necessary to get it done earlier.  Hanging on until July 5th is a huge price to pay....

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1795 on: January 31, 2019, 08:08:51 AM »
Congrats!!!

I wanted to share a small step toward FI with my cohort friends!

Upon doing my January Financial Recap........



LeanFI!

Livingthedream55

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Re: 2019 fire cohort
« Reply #1796 on: January 31, 2019, 08:30:48 AM »
@Trifele   Many congratulations!!

MissNancyPryor

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Re: 2019 fire cohort
« Reply #1797 on: January 31, 2019, 08:48:07 AM »
@MissNancyPryor , can I kindly suggest that you consider paying for the colonoscopy out of pocket if necessary to get it done earlier.  Hanging on until July 5th is a huge price to pay....

I think it is covered under COBRA and even the  exchange, it is the idea that if they find bad stuff I can be on company paid short term leave and recuperate at 100% salary.  That is the driver on waiting and knowing I wonít have to pay for cancer right out of the gate.  Getting the booby-squeeze  before I go for the same reason. 

PowerStache

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Re: 2019 fire cohort
« Reply #1798 on: January 31, 2019, 08:56:14 AM »
Impressive @2Birds1Stone

So, it has been a week since I turned in my retirement notice and I am already seeing a difference in my perspective.
-so excited that this is the last time I ever have to give people performance reviews
-I am taking days off to be with the kids and not feeling guilty
-I am not taking on any more work really, just finishing what I have on my plate (side benefit-work immediately expects less from me!)
-starting to make commitments with friends who are already retired to keep me active and social.
-starting to eat better, exercise and journal more as these are things I will expand on once retired.

Only 62 more days!

FIRE 20/20

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Re: 2019 fire cohort
« Reply #1799 on: January 31, 2019, 09:13:25 AM »
@MissNancyPryor , can I kindly suggest that you consider paying for the colonoscopy out of pocket if necessary to get it done earlier.  Hanging on until July 5th is a huge price to pay....

I think it is covered under COBRA and even the  exchange, it is the idea that if they find bad stuff I can be on company paid short term leave and recuperate at 100% salary.  That is the driver on waiting and knowing I wonít have to pay for cancer right out of the gate.  Getting the booby-squeeze  before I go for the same reason.

It sounds like you have given a lot of thought to this and you understand both sides.  If you do stay through July, as it sounds like you probably will, I'd suggest training the same powers of analysis you've shown for this decision to the challenge of making the next ~5 months or so better for your mental and physical health.  There *must* be things that you can do to make work bearable if you know with near 100% certainty you're not going to be at work after July 5th.  Given the level it seems you've reached in your professional career and that you put together a plan and executed it to get to FIRE at 49/50, you clearly have what it takes to solve this problem. 
I'd still advocate for getting out early because it seems like you objectively have more than enough even if they find something, but assuming that battle is lost I suggest moving on to the next one and making your life one worth living for the next few months.  I think the only way you can lose in this scenario is to both stay in your job and not use the power FI gives you to make it manageable through your last day.  Don't look back on a wasted 4-5 months of life.